Management Accounting - Sample Assignment

   

Added on  2021-02-19

10 Pages2631 Words52 Views
MANAGEMENT ACCOUNTING
Management Accounting - Sample Assignment_1
Table of Contents
Management Accounting - Sample Assignment_2
INTRODUCTIONManagement accounting is the procedure of identifying, measuring, analysing,interpreting and communicating information to managers for the pursuit of an organization'sgoals (Quattrone, 2016). The manager can use all statistical and financial information fordecision making process. This process has been analysed by operation and costs which isincurred by a business in order to prepare the internal financial reports, accounts and records inorder to provide support the decision making process. To understand the concept of managementaccounting selected Crest dairy company, it is a leading British dairy products company. It istrading in cathedral city cheddar cheese, country life butter, utterly butterly, Vitalite and clover.The company has been listed into London stock exchange and in April, 2019 it is acquired bySaputo. The following report contains the full information about the requirement of severalmanagement accounting system and different methods which are used to in managementaccounting reporting. It also refers the several techniques in order to determine the cost andoperation of income statement. This report also tells about the merit and demerit of severalplanning tools which compares that how organisations are applying different managementaccounting system to overcome the financial problems. TASK 1Covered In PPTTASK 2Absorption costing method Absorption Sales 960000Less – Cost of goods Sold 691200Gross Profit 268800Less – Selling and administrative expenses 70000Income 198800Marginal Costing Method Sales 9600001
Management Accounting - Sample Assignment_3

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